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Sasini Annual Report 2014
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Angelica _ann
#11 Posted : Sunday, April 05, 2015 11:34:46 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
This guy did guys in with firestone, NEVER touch any investment that he is a major shareholder. Teachers will be crying tears very soon after buying a shell in the name of a bank. Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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sparkly
#12 Posted : Monday, April 06, 2015 12:12:24 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
biddii wrote:
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

514 acres gone.

1) That's 2mn/acre. In Kiambu.
2) Who will buy that land? An insider? This is Merali you are dealing with.


History repeating itself. Another screwing of minorities by Meralli. Wait and you will hear of a golf estate coming soon! Developed by Sasini but of course owned by Meralli.
Life is short. Live passionately.
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Mainat
#13 Posted : Monday, April 06, 2015 6:51:03 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre.
Sehemu ndio nyumba
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sparkly
#14 Posted : Monday, April 06, 2015 7:22:51 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mainat wrote:
Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre.


Dry but not so dry, firm under coffee and beef herds. Which doesn't matter because if converted to a resort, an acre will go for at least 10 million.

www.marrian.com/mweiga
Life is short. Live passionately.
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Mainat
#15 Posted : Monday, April 06, 2015 8:01:17 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
My accounting is rusty, but that is not how valuation is done.
sparkly wrote:
Mainat wrote:
Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre.


Dry but not so dry, firm under coffee and beef herds. Which doesn't matter because if converted to a resort, an acre will go for at least 10 million.

www.marrian.com/mweiga

Sehemu ndio nyumba
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maka
#16 Posted : Friday, April 10, 2015 9:49:43 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
maka wrote:
Something is cooking here....all insmile

@maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25


I dint bought a sizeable amount...Take off
possunt quia posse videntur
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hisah
#17 Posted : Thursday, April 16, 2015 3:23:23 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily...2/-/aog9ki/-/index.html

Global commodities price action is quite bearish. This trend is still in play. Agri stocks will perform below par maybe into 2016. I expect the market to trim lower agri stock prices to price in that reality. Speculators will find it hard to get gains in this sector.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Paul Owuor
#18 Posted : Thursday, April 16, 2015 10:00:25 AM
Rank: New-farer

Joined: 7/3/2011
Posts: 30
Location: Nairobi
maka wrote:
Pesa Nane wrote:
maka wrote:
Something is cooking here....all insmile

@maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25


I dint bought a sizeable amount...Take off

Don't run,fly instead.
I used to be a pig but I am now a bull-bear hybrid.
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sparkly
#19 Posted : Wednesday, August 19, 2015 10:42:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
sparkly wrote:
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
biddii wrote:
Hi,

Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.

In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?

Thanks
Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.

514 acres gone.

1) That's 2mn/acre. In Kiambu.
2) Who will buy that land? An insider? This is Merali you are dealing with.


History repeating itself. Another screwing of minorities by Meralli. Wait and you will hear of a golf estate coming soon! Developed by Sasini but of course owned by Meralli.


Better than expected results reported due to sale of the estates. Minorities will have some crumbs Pray Pray Pray
Life is short. Live passionately.
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